Unnamed buyers of Wimm-Bill Dann (WBD), who purchased 400K ADR's in the days prior to the...

|By:, SA News Editor

Unnamed buyers of Wimm-Bill Dann (WBD), who purchased 400K ADR's in the days prior to the announcement of PepsiCo's (PEP) acquisition, have been sued by the SEC. WBD jumped more than 30% on the release of the news, giving a $2.7M profit to the sued investors.